Equities research analysts expect KLX Inc (NASDAQ:KLXI) to post $469.25 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for KLX’s earnings. The highest sales estimate is $479.50 million and the lowest is $459.00 million. KLX posted sales of $411.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The company is expected to report its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that KLX will report full-year sales of $469.25 million for the current financial year, with estimates ranging from $2.00 billion to $2.01 billion. For the next financial year, analysts anticipate that the company will post sales of $2.12 billion per share, with estimates ranging from $2.11 billion to $2.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover KLX.
KLX (NASDAQ:KLXI) last released its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.19. The company had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $450.87 million. KLX had a return on equity of 6.03% and a net margin of 3.07%. KLX’s revenue for the quarter was up 18.4% on a year-over-year basis.
KLXI has been the topic of a number of recent analyst reports. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research lowered KLX from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Cowen reaffirmed a “buy” rating and issued a $57.00 price objective on shares of KLX in a research note on Wednesday, December 6th. TheStreet lowered KLX from a “b” rating to a “c+” rating in a research note on Tuesday, March 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $63.00 price objective on shares of KLX in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.40.
Several institutional investors have recently bought and sold shares of KLXI. Crossmark Global Holdings Inc. acquired a new position in KLX in the third quarter valued at approximately $473,000. Victory Capital Management Inc. acquired a new position in KLX in the third quarter valued at approximately $205,000. Jennison Associates LLC lifted its stake in KLX by 7.9% in the third quarter. Jennison Associates LLC now owns 854,021 shares of the aerospace company’s stock valued at $45,203,000 after buying an additional 62,685 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in KLX by 108.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 105,457 shares of the aerospace company’s stock valued at $5,582,000 after buying an additional 54,840 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in KLX by 47.9% in the third quarter. New York State Common Retirement Fund now owns 106,202 shares of the aerospace company’s stock valued at $5,621,000 after buying an additional 34,400 shares during the period. 98.42% of the stock is currently owned by institutional investors.
KLX (NASDAQ:KLXI) traded up $0.18 during trading on Friday, hitting $71.69. The company had a trading volume of 291,776 shares, compared to its average volume of 399,894. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 7.06. The firm has a market capitalization of $3,588.98, a price-to-earnings ratio of 68.76, a P/E/G ratio of 3.13 and a beta of 1.26. KLX has a one year low of $42.45 and a one year high of $73.21.
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KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).
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